Tangem Wallet Review

What Is Tangem Wallet?

Tangem is a company from Switzerland that produces hardware crypto wallets, claimed to be the safest and most reliable in the world. Unlike most wallets, Tangem uses no seed phrases by default. Instead, it consists of two or three cards, with the additional cards acting as backups stored safely, similar to seed phrases. With the new Tangem 2.0 version, you can opt to use seed phrases if preferred.

How Does Tangem Wallet Work?

The Tangem wallet functions like most crypto hardware wallets, requiring the physical card to verify transactions. You manage it through the Tangem app, which serves as an interface but doesn’t store passwords or private keys—those are kept on the card’s security element chip. Made by Samsung with a 25-year guarantee, this chip secures your private key, protecting your funds from hacks.

What About Seed Phrases?

Tangem believes not knowing your seed phrase enhances security. When setting up a new wallet, the seed phrase is generated and stored directly in the card’s security element, inaccessible to users. The 2.0 version offers a choice: use the standard Tangem setup or opt for a seed phrase setup like traditional wallets.

Are Tangem Wallets Safe?

Tangem is touted as the safest crypto cold wallet, with an EAL6+ security level—the highest in the crypto wallet market.

Can Tangem Wallet Be Hacked?

The wallet’s security element meets the highest standards, akin to passports or credit cards. Its non-updatable cards prevent hackers from introducing fraudulent code via backdoors, a vulnerability seen in Ledger wallets. The Tangem app can receive feature updates, but it has no access to your private keys or funds.

Tangem Wallet vs Ledger - How Do They Differ?

Tangem differs from Ledger in key ways: it offers a no-seed-phrase option for added security, prevents backdoor vulnerabilities by not allowing updates, supports unlimited crypto storage (unlike Ledger’s limit), is 100 times easier to use, supports 12+ networks for cheaper fees, and takes 1 minute to set up via the app compared to Ledger’s 20-minute Ledger Live process.

Tangem Wallet Review - Final Thoughts

I think the Tangem wallet is the safest crypto hardware wallet available. It’s secure in both its private key storage and physical durability—waterproof, dustproof, and resistant to blunt force. It’s also easy and cost-effective to use with broad network support, and it’s one of the cheapest wallets on the market.

Tangem Wallet

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